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The Greenback strengthened against the Eurozone's single currency, following controversial US Retail Sales data release on Tuesday. The EUR/USD currency pair lost 17 pips, or 0.15%, and continued to go downwards, thus strengthening US dollar even more.
The Census Bureau released two datasets simultaneously, where Advance Retail Sales for the month of April came out lower-than-expected of 0.3%, compared to 0.6% in the previous period. Moreover, Core Retail Sales too came out to be short of expectations of 0.3%, compared to 0.2% in the previous month.
"Looking ahead, the consumer faces the added burden of higher gasoline prices," said Michael Feroli, an economist at JPMorgan in New York.
| Historical Data Table: US Retail Sales | Economic Calendar for 16.05.2018 | ||||||||
| Date | 12.01.2018 | 14.02.2018 | 14.03.2018 | 16.04.2018 | 15.05.2018 | 12:30 PM | CAD Manufacturing Sales m/m | ||
| Actual | 0.00% | -0.10% | -0.10% | 0.60% | 0.30% | 12:30 PM | US Building Permits | ||
| Forecast | 0.50% | 0.20% | 0.30% | 0.40% | 0.40% | 12:30 PM | US Housing Starts | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/USD | 0.74941 | 0.74906 | -0.05% | AUD/USD | 66.60% | 33.40% | |||
| EUR/USD | 1.18844 | 1.18763 | -0.07% | EUR/USD | 65.71% | 34.29% | |||
| USD/JPY | 110.04 | 110.13 | 0.08% | USD/JPY | 49.46% | 50.54% | |||
| NZD/USD | 0.6902 | 0.6897 | -0.07% | NZD/USD | 62.48% | 37.52% | |||